Samsung has invested $25 million in DoubleMe, a metaverse firm based in South Korea, after establishing their own Metaverse store dubbed Samsung 837X in January 2022. Samsung Venture Investment and RHK participated in the investment as strategic investors, while Coentry, BNK Capital, VS Investment, NH Investment & Securities, Hanwha Investment & Securities, Hana Financial Investment, Shinhan Capital, IBK Investment & Securities, Timefolio, and Su Investment participated in the financial investm

With the tight embrace of blockchain technology, South Korea may soon permit its citizens to use blockchain-based digital identification (ID) to replace physical cards by 2024. Bloomberg reported that the government plans to embed digital IDs as an app within mobile devices for about 45 million citizens expected to adopt the technology within two years. As one of the world's most advanced digital economies, South Korea is working to boost economic growth after the pandemic. South Koreans also

Aptos has just launched its mainnet and will be listed on Binance in the upcoming hours. Which is unique about this project?

A non-fungible token (NFT) is a blockchain token that represents a unique asset, such as a document, work of art, music, or even real estate. What are the most expensive NFTs of all time that were sold? 1. Pak’s ‘The Merge’ — $91.8m The Merge, a digital artist Pak's latest invention, has fetched US$91.8 million on Nifty Gateway, with 28,983 collectors purchasing 312,686 total units of mass, also known as a nonfungible token (NFT). According to Nifty Gateway, the price was a record for a publi

While the majority of airlines have been attempting to streamline their staffing and businesses, Emirates is preparing for the metaverse. Emirates Airlines claims to be hiring 16,000 new cabin crew members, with a further 4,000 set to undergo experimental VR training. The announcement itself was made during the two-day Dubai Metaverse Assembly. This move makes sense for the airline firm, United Arab Emirates, which has made significant metaverse investments. The metaverse itself presents a hug

On Monday this week, CNN made the official announcement that it will no longer be undertaking any projects or forays in the world of Web3. The "Vault" team wrote via a Tweet, "That it's time to say goodbye to Vault by CNN." Vault by CBB was launched in 2021 to serve as a dedicated marketplace for its line of NFTs. Its goal was to give collectors the opportunity to acquire an item from a  piece of journalistic history. Similar to other collections, Vault's NFTs were created to showcase special e

The payments company will collaborate with Paxos to launch a new range of services , including crypto trading, custody, and security management. The program will provide banks with a turnkey solution for meeting their customers' crypto trading needs. Mastercard said the service would use the Paxos trading platform to execute trades while also assisting with regulatory compliance and security requirements. According to Jorn Lambert, Chief Digital Officer at Mastercard, people are hesitant to in

A crypto newbie may have heard of numerous brand new terms including ‘mining’. If cryptocurrency mining doesn’t work like gold or diamond mining, how does it actually work? Let’s find out with us in this article! What is cryptocurrency mining? Cryptocurrency mining is the process of producing new digital "coins," but that is as simple as it gets. To identify these currencies, the method entails solving complicated riddles, authenticating bitcoin transactions on a blockchain network, and adding

A member of the ApeCoin DAO council has submitted an AIP-21 bug bounty program that would postpone the launch of ApeCoin staking by 2-4 weeks. The new bounty program will guarantee that the DAO always has resources available to provide to white hat hackers guarding APE holders. AIP idea was proposed by Maaria Bajwa, a board member and a principal in the investment firm Sound Ventures, in response to well-known exploits like the most recent one in which more than $560 million was stolen from Bin

Games and Metaverse projects have successfully raised north of $2.5 billion. Even in the bear market, they have grown by over 2000% by 2021...